Street Talk

Animal spirits: sponsors, trade stalk Apiam Animal Health

Sarah Thompson, Kanika Sood and Emma Rapaport

Oct 9, 2024 – 5.46pm

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Apiam Animal Health Limited’s shareholders have thrown a bone at potential bidders, declaring they’re primed to hit the bid at the $84 million veterinary services roll-up.

Street Talk understands Apiam’s key investors have made it clear they’re keen to see the for-sale sign hung up at a time when sponsors are picking off similar businesses from EQT Partners’ $1.4 billion purchase of VetPartners to Pemba Capital’s Vets Central.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com